Why the Price of Oil Is Skyrocketing!

Dan 11:24 He shall enter peaceably even upon the fattest places of the province; and he shall do [that] which his fathers have not done, nor his fathers' fathers; he shall scatter among them the prey, and spoil, and riches: [yea], and he shall forecast his devices against the strong holds, even for a time.

Dan 11:33 And they that understand among the people shall instruct many: yet they shall fall by the sword, and by flame, by captivity, and by spoil, [many] days.

Click to go to our Home Page

Dear Reader,

According to the following article, America has a surplus stockpile of oil. What’s going on? I believe America is stockpiling oil in anticipation of going into Iran. The U.S. Government is making it so difficult on Americans via the cost of fuel that they will be ready for the U.S. to go after Iran when it happens, in hopes that the government will get more control of the Middle East spoil, oil, and make it cheaper again! Russia, China, India and the U.SA. are especially interested in the SPOIL of oil. This will be a prime spark to Armageddon.

The Arabs want to put the screws to America because she supports the Jewish cause against the Arabs. They are doing it with increased oil prices. The Jews have discovered that there is something more valuable than gold, namely BLACK GOLD—OIL! When the commerce of the world is brought to it’s knees by increased oil prices, and the Arab’s are thus holding the world at ransom, again, friend, WATCH OUT!

The above countries have gone to war for far less a spoil than oil, and when the Arabs cause the push that comes to shove by withholding their output of oil, watch out! They may gain in the short-term by causing higher prices, but it will be to their own detriment in the end.

Gasoline May Soon Cost a Sawbuck [Slang for a $10 bill]

http://www2.nysun.com/article/75363

Opec says oil could hit $200 (Only Because OPEC is Forcing It To That Level)

By Carola Hoyos in London

Published: April 28 2008 13:56 | Last updated: April 28 2008 20:03

Opec’s president on Monday warned oil prices could hit $200 a barrel and there would be little the cartel could do to help.

The comments made by Chakib Khelil, Algeria’s energy minister, came as oil prices hit a historic peak close to $120 a barrel, putting further pressure on global economies.

His remarks suggest Algeria wants Opec to continue to resist calls by US and European leaders for the cartel to pump more oil to help ease prices. But Mr Khelil blamed record oil prices on the weak dollar and global political insecurity.

He told El Moudjahid, Algeria’s government newspaper: “I don’t think that an increase in production would help lower prices, because there is a balance between supply and demand and the stocks of gasoline in the United States have recorded a surplus and are at their highest level for five years.”

He added: “The prices are high due to the recession in the United States and the economic crisis, which has touched several countries, a situation that has an effect on the value of the dollar. Each time the dollar falls 1 per cent, the price of the barrel rises by $4 and of course vice versa.”

Some US senators have pinned the blame for high oil prices directly on Opec and Saudi Arabia, its largest and most powerful member.

In a letter to President George W. Bush last week, they said Riyadh had cut its oil production by about 2m barrels a day over the past three years, even though oil prices had continued to rise.

http://www.ft.com/cms/s/0/4200dc9e-1521-11dd-996c-0000779fd2ac.html?nclick_check=1